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Taft ISD Board Reassigns $7.12 Million in Committed Funds to Unassigned Balance
Summary
Trustees approved a resolution reassigning $7,124,189 in committed fund balance (for construction, repairs and equipment) to Unassigned, increasing the district's Unassigned balance to $7,237,633; motion passed unanimously among present members.
The Taft ISD Board approved a resolution on Feb. 17 to reassign $7,124,189 in committed fund balance designated for construction, repairs and equipment as Unassigned. Trustee Greg Benedict moved the resolution, Trustee Manuel Banda seconded it, and the motion passed with a recorded vote of Yea: 6, Nay: 0, Absent: 1.
The minutes record that this reassignment increases the district’s Unassigned balance to $7,237,633. The board’s action is recorded as a resolution; the minutes do not include further detail on the accounting rationale beyond the text of the motion.
